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The chancellor’s ominous warning that Britain’s economic emergency has “only just begun”, is the Telegraph’s top story. The paper says Rishi Sunak “put the country on notice” of tax rises to pay for the £550bn cost of the pandemic in his Spending Review on Wednesday. The Telegraph also says that Liverpool – which was the first area in England to go under the highest Covid rules- could be placed into a lower category of measures when the specifics of a toughened system of regional tiered restrictions for England are set out later.